The duration of a bond with ten-year maturity and 10% coupon is less than ten years.

Name: The duration of a bond with ten-year maturity and 10% coupon is less than ten years.
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The duration of a bond is typically less than its maturity when it has a coupon, as the coupon payments are received before the bond's maturity, reducing the weighted average time to receive the bond's cash flows.

The Duration of a Bond with Ten-Year Maturity and 10